Socal Aquatics Association

Analysis

Socal Aquatics Association is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Socal Aquatics Association reported income of $697k and spending of $782k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $610k to $697k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Socal Aquatics Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Poseidon Swimming Inc ($697k), Charity Bowl Football Game ($697k) and Gallatin Valley Golf Association ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $100k (13% of expenses). Other salaries and wages came to $281k. At year end it held assets of $330k against liabilities of $0, net assets of $330k. It reported 14 employees.